Share India Securities Ltd launches its public offer

The public issue consists 64,32,000 Equity Shares of face value of Rs. 10 each for cash at price of Rs. 41 per Equity Share, aggregating up to ` 2637 lakh, on September 21, 2017.

New Delhi, Delhi, September 21, 2017 /India PRwire/ -- Share India Securities Limited, engaged in the business of equity broking, investing and trading activities, proposes to open its public issue of up to 64,32,000 Equity Shares of face value of Rs. 10 each for cash at price of Rs. 41 per Equity Share, aggregating up to ` 2637 lakh, on September 21, 2017.

The fresh issue will be of Rs 2432 lakh, Offer for Sale for public for would be for Rs.205 lakh. 3,24,000 shares will be reserved for market maker. The issue (including market maker portion) and the net issue (excluding market maker portion) will constitute 26.33% and 25.01%, respectively of the post issue paid up equity share capital. The Lead Manager to the Issue is Hem Securities Limited, a leading player in SME IPOs and the Registrar to the Offer is Bigshare Services Pvt. Ltd. The Issue will close on Sept.26, 2017.The shares will be listed on BSE SME Platform.

For the Fiscal year ended on March 31, 2017, March 31, 2016, March 31, 2015 and March 31, 2014 our total revenue stood at 106.36 crore, 69.65 crore, 30.10 crore & 18.21 crore respectively.

Further, our EBITDA for the for the period ended March 31, 2017 and for year ended on March 31, 2016, fiscal 2015 and fiscal 2014 were Rs 13.71 crore, Rs 9.97 crore , Rs 4.86 crore and Rs 2.02 crore respectively. Company's PAT stood at Rs 8.14 crore in FY 2017, Rs 6.28 crore in FY 2016, Rs 3.35 crore in FY 2015 and Rs 0.57 crore in FY 2014 respectively.

Abhinav Gupta, Vice President, Share India Securities Ltd , addressing the media gathering in Mumbai said "The Company currently have a network of around 5 sub brokers and 173 Authorised persons registered with it in BSE and 03 sub brokers and 163 Authorized persons in NSE all over India catering to the needs of our clients. The Company currently operates in Ghaziabad, New Delhi, Jaipur and Mumbai. Going forward the Company plans to establish their presence in the western and central region and intend to set up branch offices in major cities. The emphasis is on expanding the scale of their operations as well as growing their network across India"

"The company in addition to providing the services as a Depository Participant, Research Analyst, Mutual Fund Advisor/Distributor, has also filed an application with Securities and Exchange Board of India for the registration of Company as a Portfolio Manager" he said

Mr Gaurav Jain, Director, Hem Securities, highlighting the offer and investment rational said "Hem Securities is proud to bring this IPO at very attractive valuations as compared to industry average leaving a large room for wealth creation over a period of time"

"The shares of the company are offered at a pre-IPO P/E of 9.32 whereas the Industry composite P/E is over 50. (Source: ACE Equity Database), added Mr Prateek Jain, Director, Hem Securities.

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